Best Liberal Arts Colleges for Economics Degree

The best economics liberal arts colleges are those with rich histories of influence, proven through the work produced by the program’s faculty and alumni. Beyond demonstrating scholarly impact in the field, the best economics degree programs maximize your opportunities to interact with outstanding economics faculty.

Best Liberal Arts Colleges for Economics Degree

A bachelor’s degree in economics is an excellent starting point for a career in finance, policy development, marketing, and a host of other highly lucrative fields. As an economics major, you’ll study production, consumption, wealth transfer, and the way these activities relate to policy and governance. Your economics degree will also incorporate such core principles of monetary policy, budget planning, and cost analysis. The best schools for economics are those which are regionally accredited, which offer a full array of economics concentrations, and which give you the chance to work with the best and most influential professors and classmates.

Degree popularity: Economics bachelor’s degrees are the 35th most popular undergraduate degrees across all student demographics. It’s most popular among Asian Americans and Pacific Islanders men and women, for whom it ranks as the 17th most desired degree, according to the number of degree earners reported by the National Center for Educational Statistics

Frequently Asked Questions About Economics Bachelor’s Degrees

Earning a bachelor’s degree in economics can open numerous professional doors. You could work as an internal financial consultant for a big company, as a stock trade for a brokerage firm, or as an analyst for a government think tank. In fact, the skills and knowledge you’ll acquire in your degree program are highly transferable. This means that your understanding of concepts such as local market behavior, small business enterprising, and investment banking could land you a role in any sector that interests you. The best schools for economics will put you in a position to become a leader in an array of fast-paced and well-paying fields.

Today, top influencers in economics are illuminating topics such as new economic geography, information asymmetry theory, wealth and income inequality, and much more.

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Economics is an excellent major because it can provide a pathway into countless fields and career opportunities. If you’re looking for a well-paying and secure job, an economics degree is a great place to start. Students who major in economics gain skills that are in high demand across a wide range of professional sectors. Abilities such as budget analysis, cost estimation, and market analysis make economics majors highly employable. According to the Bureau of Labor Statistics (BLS), the number of job opportunities for economists is expected to grow by a robust 14% by 2029.

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Once you’ve declared your major in economics, you will likely be required to complete a set of core courses in a number of related subject areas. While your concentration will give you a chance to choose from a wide range of highly-specialized economics electives, there are a number of common courses that most economics majors will be required to take, including:

  • Principles of Economics
  • Money and Banking
  • Economics of Healthcare
  • Globalization
  • Econometrics
  • Labor Studies
  • Economics and the Developing Sphere
  • Gender and Economy
  • Financial Markets
  • Sustainability and Development

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Earning a degree in economics can qualify you for a number of well-paying jobs. Your specialized knowledge qualifies you to work in one of the better-paying professional fields. According to the BLS, financial analysts earned a median salary of $81,590 in 2019, while personal financial advisors earned $87,850, and economists pulled in $105,020.

With a degree in economics, you’ll have a chance to pursue an array of high-paying opportunities, including these top jobs:

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Best Liberal Arts Colleges for Economics Degree Programs

Frequently Asked Questions About Research Universities, Liberal Arts Colleges, Online Colleges

In pursuing a bachelor’s degree, you will need to choose between three kinds of schools: research universities, liberal arts colleges, and online colleges.

Research universities are colleges and universities whose faculty are active in research and publishing. These schools offer a wide array of doctoral programs, especially in the sciences. They tend to be big, with tens of thousands of students.

Do you prefer a larger university setting, such as largest public university in your state? Research universities are typically big, offering degrees in many different disciplines. Is a big high-powered research environment the thing for you. If not, you should think about a liberal arts college. In deciding on an undergraduate institution, ask yourself what sort of environment will best help you to be happy and excel.

  • Consider whether you are self motivated enough to be a face in the crowd for some classes and largely unknown on campus at a large university. Of course you can find clubs and friends at a large university, but often liberal arts colleges have a more personal quality to them. If you want the community feel, a research university may not fit you well.
  • Are you interested in STEM fields? Research universities have that name for a reason – real research is happening there. This can create an exciting atmosphere for students interested in STEM. Attending a research university can give you a better chance of getting into better programs for graduate degrees, although a lot of that depends on your performance.

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Often referred to as “teaching colleges” liberal arts colleges put a premium on undergraduate studies and offers a broad range of subjects for students to study. A college of liberal arts typically provides smaller class sizes, more direct engagement with professors, and, most importantly, the opportunity to sample a wide range of subject areas on the way to a bachelor’s degree.

  • Do you want your professors to know you? Liberal arts colleges strive to cultivate campus cultures that encourage tight bonds between professors and students. Professors at these schools will typically conduct original research. Yet the best of these schools offer their faculty reduced teaching loads so that they can both be productive researchers and still have plenty of time for students (both in and outside the classroom).
  • Do you want to feel like you know everybody? One of the most enticing features of a liberal arts college is that in very little time, you can feel like you know who’s who, which can create strong friendships, but also more pleasurable walks across campus. While your sports teams may never be on ESPN, it’s more likely that you’ll know the athletes as your peers. Beyond student and faculty relationships, it’s not unusual for the school president and other administrators to learn who you are. When faced with problems with your student account or the need to switch classes, this can be comforting during a stressful moment.

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Online colleges are typically the same colleges and universities you could attend in-person, but for certain degree programs the college or unviersity has made the degree programs available to be completed online. For over 5 million students, online degree programs allow students to earn their degrees in the most flexible format available. Online degrees are as respected as the on-campus degress you could earn from the same schools. There’s usually no disctinction between the two degrees, and your degree and transcript will not say that the degree was earned online. Online degree programs are offered by a vast majority of colleges and universities, and the number of offering continues to grow. Whehter you are searching for an associate, bachelor’s, master’s, or doctorate, there’s a good chance you can earn your degree online from a respectable online college.

  • Are you a self-driven student? Perhaps the hardest aspect of obtaining an online degree is whether you will be disciplined enough to manage your time and course demands. Many online students report that online college made them more disciplined in all areas of their lives, but the flexible, self-paced learning that makes online colleges attractive can often be the same qualities that make it difficult. If you tend to be a procrastinator, you need to be honest with yourself. You can change your habits and propensities, or you can throw money down the drain.
  • Do you need the flexibility of an online degree program? Most online students study online because of time demands balancing work and life, or becuase the online colleges afford them the chance to attend a better school without moving. If you are serious about earning your degree for career advancement, online colleges make it possible. The most flexible options among online degrees are those that are aynchronous, meaning you don’t have scheduled times to meet with your class online. However, many students seek synchronous online degree programs so that they have some structure – set meeting times, scheduled exams, etc.
  • The good news is that attending an online college doesn’t mean you will miss out on getting to know your professors and classmates. In fact, many online students who have experienced both online and on-campus courses report having easier access to their professors. Since most communication with your professor is expected to be in text – via email or your class learning management system – it makes asking your questions easier. The same students also report that they got to better know the thoughts of their classmates. While in-person course conversations can be dominated by a few extroverts, online courses that require online discussions make it so that you see all of your classmates’ thoughts and questions.

If you interested in an online bachelor’s degree, check out what the best online colleges offer, or search our online degrees for the exact program that interests you. In either case, you will find well respected colleges and universities that offer online degrees.

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If you think a research university may be a better fit for you, see our ranking of the best research universities for a bachelor’s in economics.

How do we determine the best economics liberal arts colleges?

Methodology

The people affiliated with a school are ultimately what make it great. This is why we rank the best colleges and universities based on what we call “Influence”.

The influence of a college or university is based on the schools’ top academic influencers related to the discipline in this ranking. We track the influence of faculty and alumni affialiate with these school counting not only the publicaitons and citations of the school’s affiliated people, but we also consider the overall web presense of the faculty and alumni. The greater the citations, authority of web links, web searches, and pageviews, the greater the individuals’ influence. Those combined make up the departments’ influence in the field of study. We believe tracking the academic influence of the people affiliated with a school is the best indicator of academic excellence.

If you are serious about finding the best colleges and universities, you should be asking where the most influential professors are teaching, and whether their graduates themselves are advancing the school’s reputation for academic excellence. Most ranking sites rely on an opaque combination of reputation surveys and misuesed performance metrics. Influence, as measured by our InfluenceRanking engine, provides a ranking that is more insulated from manipulation, and more reflective of real-world educational outcomes.

Best Liberal Arts Colleges for Economics Degree

  1. #1

    Swarthmore College

    #152 institution's historical influence
    #22 overall school desirability

    Tuition + fees

    $54K

    Acceptance

    9%

    Graduation

    97%

    Student body

    2K

    Median SAT/ACT

    1460/33

    Swarthmore, PA

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    What is Swarthmore College known for?

    Swarthmore College’s faculty and alumni have been influential in:

    • Philosophy
    • Psychology
    • Literature
    • Biology
    • Political Science
    • Economics
    • Computer Science
    • Mathematics
    • Physics
    • Education

    Swarthmore College Economics Major

    • Economics

    Source

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  2. #2

    Amherst College

    #123 institution's historical influence
    #26 overall school desirability

    Tuition + fees

    $61K

    Acceptance

    12%

    Graduation

    95%

    Student body

    2K

    Median SAT/ACT

    1415/32

    Amherst, MA

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    What is Amherst College known for?

    Amherst College’s faculty and alumni have been influential in:

    • Literature
    • Law
    • Biology
    • Philosophy
    • Political Science
    • Economics
    • History
    • Mathematics
    • Computer Science
    • Psychology

    Most Influential Alumni

    Amherst College Economics Major

    • Economics

    Source

  3. #3

    Williams College

    #165 institution's historical influence
    #27 overall school desirability

    Tuition + fees

    $50K

    Acceptance

    15%

    Graduation

    96%

    Student body

    2K

    Median SAT/ACT

    1480/33

    Williamstown, MA

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    What is Williams College known for?

    Williams College’s faculty and alumni have been influential in:

    • Literature
    • Political Science
    • History
    • Philosophy
    • Biology
    • Economics
    • Mathematics
    • Physics
    • Psychology
    • Chemistry

    Williams College Economics Majors

    • Economics
    • Political Economics

    Source

  4. #4

    Claremont McKenna College

    #671 institution's historical influence
    #18 overall school desirability

    Tuition + fees

    $56K

    Acceptance

    13%

    Graduation

    92%

    Student body

    1K

    Median SAT/ACT

    1435/32

    Claremont, CA

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    What is Claremont McKenna College known for?

    Claremont McKenna College’s faculty and alumni have been influential in:

    • Business
    • Political Science
    • Economics
    • Law
    • Literature
    • Philosophy
    • History
    • Religious Studies
    • Psychology
    • Engineering

    Most Influential Alumni

    Claremont McKenna College Economics Majors

    • Economics
    • Accounting

    Source

  5. #5

    Wesleyan University

    #112 institution's historical influence
    #34 overall school desirability

    Tuition + fees

    $59K

    Acceptance

    21%

    Graduation

    91%

    Student body

    4K

    Middletown, CT

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    What is Wesleyan University known for?

    Wesleyan University’s faculty and alumni have been influential in:

    • Literature
    • Philosophy
    • Psychology
    • Biology
    • History
    • Mathematics
    • Political Science
    • Economics
    • Religious Studies
    • Physics

    Most Influential Alumni

    Wesleyan University Economics Major

    • Economics

    Source

  6. #6

    Wellesley College

    #202 institution's historical influence
    #33 overall school desirability

    Tuition + fees

    $58K

    Acceptance

    20%

    Graduation

    94%

    Student body

    3K

    Median SAT/ACT

    1445/32

    Wellesley, MA

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    What is Wellesley College known for?

    Wellesley College’s faculty and alumni have been influential in:

    • Literature
    • Philosophy
    • Education
    • Political Science
    • Biology
    • Physics
    • History
    • Psychology
    • Economics
    • Mathematics

    Most Influential Alumni

    Wellesley College Economics Major

    • Economics

    Source

  7. #7

    Pomona College

    #329 institution's historical influence
    #13 overall school desirability

    Tuition + fees

    $55K

    Acceptance

    9%

    Graduation

    94%

    Student body

    2K

    Median SAT/ACT

    1465/33

    Claremont, CA

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    What is Pomona College known for?

    Pomona College’s faculty and alumni have been influential in:

    • Biology
    • Literature
    • Mathematics
    • Chemistry
    • Philosophy
    • Political Science
    • Psychology
    • History
    • Physics
    • Computer Science

    Most Influential Alumni

    Pomona College Economics Major

    • Economics (STEM designated-degree program)

    Source

  8. #8

    Middlebury College

    #397 institution's historical influence
    #32 overall school desirability

    Tuition + fees

    $58K

    Acceptance

    22%

    Graduation

    94%

    Student body

    3K

    Median SAT/ACT

    1445/33

    Middlebury, VT

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    What is Middlebury College known for?

    Middlebury College’s faculty and alumni have been influential in:

    • Literature
    • Education
    • Political Science
    • History
    • Biology
    • Mathematics
    • Philosophy
    • Economics
    • Physics
    • Religious Studies

    Most Influential Alumni

    Middlebury College Economics Major

    • Economics

    Source

  9. #9

    Bowdoin College

    #258 institution's historical influence
    #17 overall school desirability

    Tuition + fees

    $56K

    Acceptance

    9%

    Graduation

    95%

    Student body

    2K

    Brunswick, ME

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    What is Bowdoin College known for?

    Bowdoin College’s faculty and alumni have been influential in:

    • Literature
    • Education
    • History
    • Biology
    • Political Science
    • Philosophy
    • Mathematics
    • Physics
    • Psychology
    • Religious Studies

    Bowdoin College Economics Majors

    • Economics
    • Mathematics and Economics

    Source

  10. #10

    Barnard College

    #196 institution's historical influence
    #65 overall school desirability

    Tuition + fees

    $57K

    Acceptance

    14%

    Graduation

    90%

    Student body

    3K

    Median SAT/ACT

    1430/32

    New York, NY

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    What is Barnard College known for?

    Barnard College’s faculty and alumni have been influential in:

    • Literature
    • Political Science
    • Philosophy
    • Anthropology
    • History
    • Mathematics
    • Psychology
    • Economics
    • Biology
    • Sociology

    Barnard College Economics Majors

    • Economics (economics track)
    • Economics (political economy track)
    • Economics and Mathematics
    • Economic and Social History
    • Economics-Statistics
    • 4+1 Economics and Operations Research

    Source

  11. #11

    Colorado College

    #674 institution's historical influence
    #68 overall school desirability

    Tuition + fees

    $61K

    Acceptance

    14%

    Graduation

    88%

    Student body

    2K

    Colorado Springs, CO

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    What is Colorado College known for?

    Colorado College’s faculty and alumni have been influential in:

    • Computer Science
    • Biology
    • Economics
    • Education
    • Mathematics
    • Political Science
    • Philosophy
    • History
    • Literature
    • Sociology

    Colorado College Economics Majors

    • Economics
    • Business Economics and Society (BESoc)
    • Mathematical Economics
    • International Political Economy

    Source

  12. #12

    United States Military Academy

    #105 institution's historical influence
    #55 overall school desirability

    Acceptance

    9%

    Graduation

    85%

    Student body

    6K

    Median SAT/ACT

    1270/27

    West Point, NY

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    What is United States Military Academy known for?

    United States Military Academy’s faculty and alumni have been influential in:

    • Literature
    • Engineering
    • Business
    • Law
    • Political Science
    • History
    • Biology
    • Mathematics
    • Computer Science
    • Philosophy

    Most Influential Alumni

    West Point Economics Major

    • Economics

    Source

  13. #13

    Reed College

    #190 institution's historical influence
    #79 overall school desirability

    Tuition + fees

    $61K

    Acceptance

    42%

    Graduation

    77%

    Student body

    1K

    Median SAT/ACT

    1422/32

    Portland, OR

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    What is Reed College known for?

    Reed College’s faculty and alumni have been influential in:

    • Literature
    • Psychology
    • Philosophy
    • Computer Science
    • Biology
    • Economics
    • Mathematics
    • Political Science
    • History
    • Physics

    Most Influential Alumni

    Reed College Economics Majors

    • Mathematics-Economics
    • International and Comparative Policy Studies (ICPS)
    • Environmental Studies-Economics (ES-Econ)

    Source

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  14. #14

    Davidson College

    #758 institution's historical influence
    #36 overall school desirability

    Tuition + fees

    $55K

    Acceptance

    20%

    Graduation

    93%

    Student body

    2K

    Median SAT/ACT

    1397/31

    Davidson, NC

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    What is Davidson College known for?

    Davidson College’s faculty and alumni have been influential in:

    • Literature
    • Political Science
    • History
    • Computer Science
    • Philosophy
    • Biology
    • Religious Studies
    • Mathematics
    • Psychology
    • Physics

    Davidson College Economics Major

    • AB Economics – STEM designated

    Source

  15. #15

    Colgate University

    #437 institution's historical influence
    #42 overall school desirability

    Tuition + fees

    $60K

    Acceptance

    27%

    Graduation

    91%

    Student body

    3K

    Median SAT/ACT

    1415/32

    Hamilton, NY

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    What is Colgate University known for?

    Colgate University’s faculty and alumni have been influential in:

    • Literature
    • Biology
    • Education
    • Political Science
    • Philosophy
    • History
    • Religious Studies
    • Psychology
    • Physics
    • Economics

    Most Influential Alumni

    Colgate University Economics Majors

    • Economics
    • Mathematical economics
    • Environmental economics

    Source

  16. #16

    United States Air Force Academy

    #580 institution's historical influence
    #57 overall school desirability

    Acceptance

    13%

    Graduation

    87%

    Student body

    5K

    Median SAT/ACT

    1335/30

    USAF Academy, CO

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    What is United States Air Force Academy known for?

    United States Air Force Academy’s faculty and alumni have been influential in:

    • Engineering
    • Computer Science
    • Political Science
    • History
    • Law
    • Mathematics
    • Physics
    • Biology
    • Philosophy
    • Economics

    United States Air Force Academy Economics Major

    • Economics

    Source

  17. #17

    Oberlin College

    #126 institution's historical influence
    #114 overall school desirability

    Tuition + fees

    $59K

    Acceptance

    35%

    Graduation

    86%

    Student body

    3K

    Median SAT/ACT

    1380/31

    Oberlin, OH

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    What is Oberlin College known for?

    Oberlin College’s faculty and alumni have been influential in:

    • Literature
    • Philosophy
    • Education
    • Biology
    • Political Science
    • Psychology
    • History
    • Religious Studies
    • Computer Science
    • Mathematics

    Most Influential Alumni

    Oberlin College Economics Major

    • Economics Major and Minor

    Source

  18. #18

    United States Naval Academy

    #189 institution's historical influence
    #52 overall school desirability

    Acceptance

    9%

    Graduation

    90%

    Student body

    6K

    Median SAT/ACT

    1350/29

    Annapolis, MD

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    What is United States Naval Academy known for?

    United States Naval Academy’s faculty and alumni have been influential in:

    • Engineering
    • History
    • Literature
    • Political Science
    • Mathematics
    • Physics
    • Computer Science
    • Chemistry
    • Earth Sciences
    • Economics

    Most Influential Alumni

    United States Naval Academy Economics Majors

    • Quantitative Economics
    • Mathematics with Economics

    Source

  19. #19

    Colby College

    #649 institution's historical influence
    #75 overall school desirability

    Tuition + fees

    $59K

    Acceptance

    10%

    Graduation

    90%

    Student body

    2K

    Median SAT/ACT

    1450/32

    Waterville, ME

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    What is Colby College known for?

    Colby College’s faculty and alumni have been influential in:

    • Mathematics
    • Education
    • Literature
    • Political Science
    • History
    • Biology
    • Economics
    • Philosophy
    • Sociology
    • Physics

    Colby College Economics Majors

    • Economics
    • Economics – Financial Markets

    Source

  20. #20

    Kenyon College

    #436 institution's historical influence
    #50 overall school desirability

    Tuition + fees

    $55K

    Acceptance

    37%

    Graduation

    89%

    Student body

    2K

    Median SAT/ACT

    1365/31

    Gambier, OH

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    What is Kenyon College known for?

    Kenyon College’s faculty and alumni have been influential in:

    • Literature
    • Biology
    • History
    • Political Science
    • Philosophy
    • Chemistry
    • Mathematics
    • Religious Studies
    • Psychology
    • Physics

    Most Influential Alumni

    Kenyon College Economics Major

    • Economics

    Source

  21. #21

    Bucknell University

    #731 institution's historical influence
    #108 overall school desirability

    Tuition + fees

    $58K

    Acceptance

    38%

    Graduation

    88%

    Student body

    4K

    Median SAT/ACT

    1342/30

    Lewisburg, PA

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    What is Bucknell University known for?

    Bucknell University’s faculty and alumni have been influential in:

    • Literature
    • Education
    • Engineering
    • History
    • Political Science
    • Economics
    • Philosophy
    • Religious Studies
    • Psychology
    • Biology

    Bucknell University Economics Major

    • BA Economics

    Source

    REQUEST INFO
  22. #22

    Haverford College

    #340 institution's historical influence
    #73 overall school desirability

    Tuition + fees

    $59K

    Acceptance

    18%

    Graduation

    93%

    Student body

    1K

    Median SAT/ACT

    1460/33

    Haverford, PA

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    What is Haverford College known for?

    Haverford College’s faculty and alumni have been influential in:

    • Literature
    • Philosophy
    • Biology
    • Mathematics
    • Political Science
    • History
    • Physics
    • Religious Studies
    • Chemistry
    • Psychology

    Haverford College Economics Majors

    • Economics
    • Economics – Mathematical Economics
    • One-Year Master’s Program (4+1)

    Source

    REQUEST INFO
  23. #23

    Carleton College

    #454 institution's historical influence
    #78 overall school desirability

    Tuition + fees

    $59K

    Acceptance

    21%

    Graduation

    94%

    Student body

    2K

    Median SAT/ACT

    1450/32

    Northfield, MN

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    What is Carleton College known for?

    Carleton College’s faculty and alumni have been influential in:

    • Political Science
    • Biology
    • Economics
    • Literature
    • Philosophy
    • History
    • Psychology
    • Physics
    • Mathematics
    • Religious Studies

    Carleton College Economics Major

    • Economics

    Source

    REQUEST INFO
  24. #24

    Smith College

    #164 institution's historical influence
    #111 overall school desirability

    Tuition + fees

    $54K

    Acceptance

    37%

    Graduation

    87%

    Student body

    3K

    Northampton, MA

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    What is Smith College known for?

    Smith College’s faculty and alumni have been influential in:

    • Literature
    • Education
    • Psychology
    • Political Science
    • History
    • Biology
    • Philosophy
    • Mathematics
    • Engineering
    • Sociology

    Most Influential Alumni

    Smith College Economics Majors

    • Economics
    • Quantitative Economics with STEM Designation

    Source

  25. #25

    Vassar College

    #179 institution's historical influence
    #88 overall school desirability

    Tuition + fees

    $61K

    Acceptance

    25%

    Graduation

    88%

    Student body

    2K

    Median SAT/ACT

    1445/32

    Poughkeepsie, NY

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    What is Vassar College known for?

    Vassar College’s faculty and alumni have been influential in:

    • Literature
    • Education
    • Computer Science
    • Psychology
    • Philosophy
    • History
    • Biology
    • Communications
    • Physics
    • Mathematics

    Most Influential Alumni

    Vassar College Economics Major

    • Economics

    Source

Go to all Liberal Arts Colleges for Economics programs

The Best Economics Schools in Your State

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